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Feb 21, 2013
02/13
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but the reality is that the markets continue to improve, then boeing should be fine. everybody should be fine. they are placed under severe stress only when the markets are crazy like we have seen in the past. then they are on the hook. neil: what do you think? >> units are killing business and companies and that is what is happening now. neil: the guys who helped build them, and continue to build them, i don't know if i understand that. >> i'm not saying they would sabotage. [talking over each other] >> they're going to be much less happy. if they don't have jobs, they need to think about it. willing to go out of business like a lot of other companies. >> a lot of indestructible companies forhom such a demise was unthinkable. >> exactly. and to make a point about the defense contracts, they are still my mom used to work for mcdonald's. neil: we look forward to having you guys back in a few minutes. if the spending cuts are going to wreak havoc next week, step back, mr. president, follow their actions, maybe you won't be so istracted by their words. my mother made the
but the reality is that the markets continue to improve, then boeing should be fine. everybody should be fine. they are placed under severe stress only when the markets are crazy like we have seen in the past. then they are on the hook. neil: what do you think? >> units are killing business and companies and that is what is happening now. neil: the guys who helped build them, and continue to build them, i don't know if i understand that. >> i'm not saying they would sabotage....
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Feb 20, 2013
02/13
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. >> what's the scoop on boeing? stock's up 1.5%. >> boeing says they think they found the problem with their batteries, they may get the dreamliners up again in the short term. this is a name, i was short this name but looking at it now, i'm out of the short and the reason is, it's back above its key resistance level and it looks like the word on boeing is that they are going to get their entire story righted sooner rather than later. this is a stock that could move, break out to the upside. i'm out. no position. >> finally hearing from the company at the center of one of wall street's biggest brawls. herbalife has just wrapped up its conference call. kate kelly was listening in and joins us with the details. i was listening in, too. what did you make of it? >> we have to compare notes. essentially, the call went a little less than an hour which surprised me. sometimes when you've got an embattled situation, the q & a goes on for longer. the news to me was that it was seeking to simplify its business model in hopes
. >> what's the scoop on boeing? stock's up 1.5%. >> boeing says they think they found the problem with their batteries, they may get the dreamliners up again in the short term. this is a name, i was short this name but looking at it now, i'm out of the short and the reason is, it's back above its key resistance level and it looks like the word on boeing is that they are going to get their entire story righted sooner rather than later. this is a stock that could move, break out to...
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Feb 22, 2013
02/13
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boeing and the faa offering no other details. the connor reportedly went in with a proposal for some new designs and safety features for the high-tech but faulty lithium-ion batteries. among other things the new engineering would reportedly add insulation to batteries to make sure they don't catch fire. the company has been testing a new design. but david and sandra, the big issue here how quickly the testing can get done, how much testing the faa wants the company to do, both on the ground and in the air, and there is some officials saying that they could get the dreamliners back in the air by april. the company telling "the wall street journal" this morning that they hope that they will be back in the air by mid-march. back to you. david: meanwhile the engineering union just rejected a pension deal. so they may have trouble on the union front as well. boeing with some problems, quickly. >> well there were two, two, yes. the engineers actually accepted it but the technicians rejected it, david. i was just reviewing that as we we
boeing and the faa offering no other details. the connor reportedly went in with a proposal for some new designs and safety features for the high-tech but faulty lithium-ion batteries. among other things the new engineering would reportedly add insulation to batteries to make sure they don't catch fire. the company has been testing a new design. but david and sandra, the big issue here how quickly the testing can get done, how much testing the faa wants the company to do, both on the ground and...
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Feb 22, 2013
02/13
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ashley: boeing shares. and analyst take on boeing's pictures today. shibani: the midwest is digging out. snow and lots of it. we will go live to hard-hit kansas city. ashley: they say there is no business like show business. we are talking oscar economics. shibani: are you ready? oscar party. ashley: it will be a good one. shibani: time now for stocks as they do every 15 minutes. nicole petallides. looking pretty good here. can we make it a winning week. nicole: we really are seeing some acceleration to the upside. hewlett-packard accounts for more than 16 of those points. i have also been watching the dollar. the jolley just went back into the red. you do see that correlation. you are saying all the three major averages having really nice moves. make women is working very hard on her five-year turnaround plan. certainly, we are seeing hewlett-packard doing well. s&p not positive for the week. shibani: that was a big surprise out of hewlett-packard. thank you, nicole. ashley: energy traders catching their breath after a wild weekend, or week, i should
ashley: boeing shares. and analyst take on boeing's pictures today. shibani: the midwest is digging out. snow and lots of it. we will go live to hard-hit kansas city. ashley: they say there is no business like show business. we are talking oscar economics. shibani: are you ready? oscar party. ashley: it will be a good one. shibani: time now for stocks as they do every 15 minutes. nicole petallides. looking pretty good here. can we make it a winning week. nicole: we really are seeing some...
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Feb 21, 2013
02/13
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you hear about the boeing battery problem for the dream liner. how strong is the order book here that boeing has barely declined despite horrendous publicity. it was up yesterday in the really bad sell-off. how do you spell strength? i say b-o-e-i-n-g. you are paying top dollar for gasoline, but natural gas ridiculously low and we talked to aep, one of the largest power companies. drilling for oil and gas and construction jobs, chemical jobs, coming back strong. nothing something that will go away on the dime. that's my thing. let's not forget the mergers. a lot of people yawning at lynn energy. a largely california-based oil play for more than $4 billion. a braille yant way for a smart buyer like lynn to get purchasing fast. listen, hewlett-packard up nicely after the quarter. deals -- i throw that as pibl thing. deals too numerous to hey numb race. a live and well these. and now, i'm not dismissing major red flags. commodity prices shouldn't be plummeting so quickly and they are set worldwide and i believe europe which i thought was stabilizing
you hear about the boeing battery problem for the dream liner. how strong is the order book here that boeing has barely declined despite horrendous publicity. it was up yesterday in the really bad sell-off. how do you spell strength? i say b-o-e-i-n-g. you are paying top dollar for gasoline, but natural gas ridiculously low and we talked to aep, one of the largest power companies. drilling for oil and gas and construction jobs, chemical jobs, coming back strong. nothing something that will go...
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Feb 22, 2013
02/13
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boeing, boeing is less than a buck and a half from its highs, for heaven's sake. how can this be? because the market is totally foofshing. this move up in the face of the dreamliner's woes is frankly nothing short of astounding and has to be recognized as a sign of innate strength even as that strength was completely ignored during the panic that was the mid-week sell-off on high volume. this market's willing to overlook so many flaws and so many flaws. how about norfolk southern? nsc? this stock's been pummeled for its exposure to coal for ages and ages. i mean, talk about off the rails! three months ago when the stock was at 56 norfolk southern told us the worst was over with coal. the old market, the bad one, simply wouldn't have believed a word this company said. but in the new market this stock has now rallied to almost 73. not only is the market forgiving, it's got a bad case of amnesia as this isn't the first coal bottom norfolk southern has called. but this time the market has suspended its skepticism and given the company the benefit of the doubt. >> all aboard. >> that's
boeing, boeing is less than a buck and a half from its highs, for heaven's sake. how can this be? because the market is totally foofshing. this move up in the face of the dreamliner's woes is frankly nothing short of astounding and has to be recognized as a sign of innate strength even as that strength was completely ignored during the panic that was the mid-week sell-off on high volume. this market's willing to overlook so many flaws and so many flaws. how about norfolk southern? nsc? this...
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Feb 21, 2013
02/13
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boeing is one of the few bright spots. in terms of sectors. industrials. they are notably weak today. caterpillar. other industrial stocks actually losing ground here. to a global losing than 4% right now. the same thing happened with basic materials stocks. aluminum maker alcoa. down more than one quarter of a percent. these companies trading down to the negative. i just mentioned it. it is on the big board there. walmart. take a look. 70.69. the stock is up almost $1.50 right now. they had a baby in the fourth quarter. another ugly day for the bold right now. stocks have now lost their games for the month of february. does this mean a correction is now underway? let's have a right to the floor show. first to jonathan for the stock show. talk to me about the fear gauge right now. it is fitting new highs. what is going on here. >> clearly, that is a gauge that we watch both when the markets are moving up and down. the sentiment is very much on edge. last time we were down 100 points. the next day the market came back and we were up 100. what does that real
boeing is one of the few bright spots. in terms of sectors. industrials. they are notably weak today. caterpillar. other industrial stocks actually losing ground here. to a global losing than 4% right now. the same thing happened with basic materials stocks. aluminum maker alcoa. down more than one quarter of a percent. these companies trading down to the negative. i just mentioned it. it is on the big board there. walmart. take a look. 70.69. the stock is up almost $1.50 right now. they had a...
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Feb 19, 2013
02/13
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we will have details about boeing coming up. dennis: it could be the next social network to go public. we will speak to the ceo that has a site that links teachers. cheryl: we will be right back. ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office loca
we will have details about boeing coming up. dennis: it could be the next social network to go public. we will speak to the ceo that has a site that links teachers. cheryl: we will be right back. ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ we all...
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Feb 22, 2013
02/13
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connell: boeing ceo finally speaking up about the dreamliner mass. dagen: former massachusetts senator, scott brown, thinks the budget cuts will hit your wallet in ways you do not expect. connell: he will be here to make his case. you cannot buy an oscar. they do not guarantee hollywood's highest honor. dagen: top of the hour. stocks now and every 15 minutes. nicole: a market that is now gaining ground. we are up 50 points on the dow jones industrial. the dollar has changed direction. most of the dow components are in the green. drug stocks, bank stocks, all doing well here today. back to you. connell: thank you. two more on the market now. the cash is king. we have a totally different take on it today. ross is the chief strategist at blackrock. this is not a misspelling at the back of your screen. it is actually an acronym for how you are investing these days. canada, singapore, switzerland, hong kong, as well as, australia. let me start with australia. >> the basic theme here is a fairly simple one. you think about the environment since the financi
connell: boeing ceo finally speaking up about the dreamliner mass. dagen: former massachusetts senator, scott brown, thinks the budget cuts will hit your wallet in ways you do not expect. connell: he will be here to make his case. you cannot buy an oscar. they do not guarantee hollywood's highest honor. dagen: top of the hour. stocks now and every 15 minutes. nicole: a market that is now gaining ground. we are up 50 points on the dow jones industrial. the dollar has changed direction. most of...
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Feb 21, 2013
02/13
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boeing is missing out on about $200,000 in delivery payment every month that this 787 is on the ground. connell: another issue is the weather. snow hit a big part of the country all over the midwest. treacherous conditions. very difficult to get around. we will have a live report on this straightahead. dagen: the billionaire founder of paul mitchell and petrone on our minimum wage. should it go to $10 an hour? we asked that question and we have an answer. connell: we will be right back. ♪ all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause
boeing is missing out on about $200,000 in delivery payment every month that this 787 is on the ground. connell: another issue is the weather. snow hit a big part of the country all over the midwest. treacherous conditions. very difficult to get around. we will have a live report on this straightahead. dagen: the billionaire founder of paul mitchell and petrone on our minimum wage. should it go to $10 an hour? we asked that question and we have an answer. connell: we will be right back. ♪ all...
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Feb 20, 2013
02/13
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boeing stock is up this morning. keeping a close eye on the dow. just one solid rally away from a new all-time high. not happening yet. we're up 8 at 14,044. here's what's coming up, union workers are heading to the supreme court because they want to be paid for the time it takes them to change into their safety gear. should they be paid to changing into their work clothes? interesting question. what kind of precedent would it set? the judge is next. stuart: now charles is going to make us even more money with a company called joy inc. what does it do? charles: mining equipment. stuart: legalize marijuana -- no, sorry. [laughter] charles: john hofmeister was talking about demand particularly for coal around the world, one of the reasons they are going to do well. the projects around the world, china, amazing, amazing, there's some scuttlebutt on this company this morning talking about a swedish conglomerate maybe making a bid for them. that kind of stuff has been around for a while. coming to the inflection point of demand. also making money in the
boeing stock is up this morning. keeping a close eye on the dow. just one solid rally away from a new all-time high. not happening yet. we're up 8 at 14,044. here's what's coming up, union workers are heading to the supreme court because they want to be paid for the time it takes them to change into their safety gear. should they be paid to changing into their work clothes? interesting question. what kind of precedent would it set? the judge is next. stuart: now charles is going to make us even...
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Feb 20, 2013
02/13
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. >> boeing has a parking problem. the papers are incredible. >> anyway, we'll -- i'll try to figure out more during the commercial break. >> you can't put the genie back in the bottle. robert wolf has been our guest host this morning. we'll give robert the last word when "squawk" comes right back. >>> tomorrow on "squawk box," boone pickens. he'll join us for an hour to talk about the recent burst of m & a activity and the future for his natural gas plan. "squawk box" starts tomorrow at 6:00 a.m. eastern. how do you keep an older car running like new? you ask a ford customer. when they tell you that you need your oil changed you got to bring it in. if your tires need to be rotated, you have to get that done as well. jackie, tell me why somebody should bring they're car here to the ford dealership for service instead of any one of those other places out there. they are going to take care of my car because this is where it came from. price is right no problem, they make you feel like you're a family. get a synthetic ble
. >> boeing has a parking problem. the papers are incredible. >> anyway, we'll -- i'll try to figure out more during the commercial break. >> you can't put the genie back in the bottle. robert wolf has been our guest host this morning. we'll give robert the last word when "squawk" comes right back. >>> tomorrow on "squawk box," boone pickens. he'll join us for an hour to talk about the recent burst of m & a activity and the future for his...
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Feb 22, 2013
02/13
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boeing still at $76 a share, close to 77. of course, you remember aig. we've bailed them out big time in the financial crisis, but they paid us back with a profit. and it reports a loss in the last quarter. hurt by hurricane sandy, but here is the big one. results were better than expected so it's up almost 6% on aig. who would have thought? nicole, you've got another company that says higher gas prices and higher payroll taxes are hurting them. darden restaurants. why is the stock going up? >> right, well, they gave an outlook of sales growth of 6 to 7%, so, that's some good news, the fact that they're seeing growth is positive, but just like we heard from wal-mart this week about customers worried about payroll taxes, worried about gasoline prices on the rise and if you're right in the wallet and are you going to red lobster, wal-mart and you just don't have the extra money to spend and that's what the concern is. >> we've got it it. thanks indeed. the dow industrials have indeed opened 60 points higher and back above 13-9. up 65 as we speak after two
boeing still at $76 a share, close to 77. of course, you remember aig. we've bailed them out big time in the financial crisis, but they paid us back with a profit. and it reports a loss in the last quarter. hurt by hurricane sandy, but here is the big one. results were better than expected so it's up almost 6% on aig. who would have thought? nicole, you've got another company that says higher gas prices and higher payroll taxes are hurting them. darden restaurants. why is the stock going up?...
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Feb 20, 2013
02/13
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a strike at boeing has been avoided for now. engineers approved a four-year contract as they go on strike. however, technicians and members of the same union rejected the deal authorizing a strike to happen at anytime. we will resume negotiations on behalf of the technical staff this week. the nation's biggest pension fund has voted to sell all the investments to fire arm manufacturers smith & wesson. investment committee voted to sell 5 million worth of securities. making the decision after the violent shooting in newtown, connecticut, that took 26 lives. and both tourism approving measures to allow any adult over 21 resident or not to buy marijuana, but there is one catch, if you are a tourist you cannot take it home with you. you can buy it, you can use it. that is your "west coast minute." dennis: elsewhere in california, stanford the first university ever to raise a billion dollars in a single year. harvard followed by yale and the university of southern california and colombia university in new york. sanford took 40% more
a strike at boeing has been avoided for now. engineers approved a four-year contract as they go on strike. however, technicians and members of the same union rejected the deal authorizing a strike to happen at anytime. we will resume negotiations on behalf of the technical staff this week. the nation's biggest pension fund has voted to sell all the investments to fire arm manufacturers smith & wesson. investment committee voted to sell 5 million worth of securities. making the decision...
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Feb 22, 2013
02/13
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if it doesn't, boeing could lose even more money. find out what it all means for the company as well as the stock. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. >>> here we go. stanley is calling the automatic government spending cuts set to kick in at the end of next week, he argues the focus on the sequester is obscuring the real issue which is the exploding cost of entitlements. >> the hype over sequestration is a joke. sequestration is $85 billion. you're talking about a quarter of #% of
if it doesn't, boeing could lose even more money. find out what it all means for the company as well as the stock. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. you are gonna need a wingman. and my...
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Feb 21, 2013
02/13
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stocks soared on the news that boeing is set to install repair plans for the boeing's dreamliner as early as tomorrow. the battery supplier stocks jumped 8%. japan airlines climbed 1.26%. market players reacted to the cost cutting plans worth $42 million reported by the nikkei this morning. their strategy includes reducing costs of cabin crew uniforms and expenses in airport services. it's hoped that these measures will absorb the hit from the 787 flight cancellations. stocks of al nippon airways ended flat. that's all from the nikkei business report. back to you. >> gamers had to think out of the box after sony took the wraps off its new playstation 4 console. that's because sony didn't show the console or reveal the price tag. our new features include instant streaming and more social networking. after also announce ago share sale in medical unit m3 inc. is it game changer or is it game over for the console? tell us what you think. e-mail us, world would it@cnbc.com, tweet us, @cnbcwex. see what it's like up there in scotland with ross westgate while he's on holiday. >>> meanwhile, has
stocks soared on the news that boeing is set to install repair plans for the boeing's dreamliner as early as tomorrow. the battery supplier stocks jumped 8%. japan airlines climbed 1.26%. market players reacted to the cost cutting plans worth $42 million reported by the nikkei this morning. their strategy includes reducing costs of cabin crew uniforms and expenses in airport services. it's hoped that these measures will absorb the hit from the 787 flight cancellations. stocks of al nippon...
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Feb 20, 2013
02/13
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underrating boeing has been something that has been stuck. i think this time will be no different. >> certainly helps that it's restricted to 52-week highs day in and day out. we're about seven trading days away from sequestration friday. [ bell ringing ] >> there's the opening bell here at the new york stock exchange. mlpa, exchange traded funds. over at the nasdaq, comedy series "the neighbors." that sets us up for a pretty interesting day. remember what happened when we got the minutes for the december meeting, when it became clear the committee was not thinking uniformly about asset price targets, qe3. i think we might get bounced around this afternoon. >> there was a fabulous note yesterday from jpmorgan, i worship at the altar of this, i own the market. he was talking about, at one point, 55% of the buy out there, treasuries by the government, i mean, at what point does this stuff end? or does it just go on forever? it is such a big reason why the stock market does do well. any sign that this does not go on forever will make us pause. b
underrating boeing has been something that has been stuck. i think this time will be no different. >> certainly helps that it's restricted to 52-week highs day in and day out. we're about seven trading days away from sequestration friday. [ bell ringing ] >> there's the opening bell here at the new york stock exchange. mlpa, exchange traded funds. over at the nasdaq, comedy series "the neighbors." that sets us up for a pretty interesting day. remember what happened when we...
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Feb 21, 2013
02/13
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boeing is saying --, you see the stock of united moving lower. boeing was planning to get together with the faa to talk about a fix to the problem with the battery on board the 787 dreamliner. so united continental saying we're taking these planes out of our scheduled through june 5th. shibani: the story continues. >> it is quarter past. we know what that is, time to check the markets. nicole petallides on the floor of the new york stock exchange where we go every 15 minutes. nicole, starting to slide a little lower now. >> i was noticing that, ashley. a moment ago we were down about 90 points. so we're accelerating a little selling to the downside on a day where the vix moved to newer highs we haven't seen in sometime. look at two movers. we're looking wal-mart and also verifone. i'm peeking over my shoulder which is where it trades. wal-mart talked about sales. they're concerned about consumer sentiment. they're concerned that consumers are being hit in the wallet with higher gasoline prices coupled with the fact that payroll taxes hit everybod
boeing is saying --, you see the stock of united moving lower. boeing was planning to get together with the faa to talk about a fix to the problem with the battery on board the 787 dreamliner. so united continental saying we're taking these planes out of our scheduled through june 5th. shibani: the story continues. >> it is quarter past. we know what that is, time to check the markets. nicole petallides on the floor of the new york stock exchange where we go every 15 minutes. nicole,...
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Feb 22, 2013
02/13
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boeing hopes to get those planes back in the air by april. only 50 dreamliners were in service. but boeing has orders for hundreds more and they are coming off the assembly line as we speak. >> a lot of problems there. >>> big bird is back in the political spotlight after being a target of the 2012 presidential campaign, remember that, when mitt romney said he would cut pbs funding? the big guy is teaming up with first lady michelle obama to mark her third anniversary of the let's move campaign. encouraging kids to exercise and eat right. >>> brand new formula that's shaking up the music charts, the harlem shake, now topping music charts. ♪ this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fl
boeing hopes to get those planes back in the air by april. only 50 dreamliners were in service. but boeing has orders for hundreds more and they are coming off the assembly line as we speak. >> a lot of problems there. >>> big bird is back in the political spotlight after being a target of the 2012 presidential campaign, remember that, when mitt romney said he would cut pbs funding? the big guy is teaming up with first lady michelle obama to mark her third anniversary of the...
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Feb 21, 2013
02/13
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boeing hopes to get the planes back in the air by april. >>> first on cnn, the army doing an about-face on the promotion of paula broadwell, david petraeus' former mistress. they decided to revoke the promotion from major to lieutenant colonel in the army reserves after initially appr e approving it last summer. since the petraeus scandal broke, she's been under investigation for having classified information in her home without permission. >> i know you're tired of hearing this, this just in, gas prices rising again. the nationwide average for a gallon of regular gas, jumped up about a penny to $3.78 a gallon. that's 35 straight days that the price of gas has gone up. >> in those days it's up 47 cents or so in 35 days. so that is something people are really feeling. >>> big developments in the works this morning ending the nuclear standoff between iran in the west. we'll go live to washington coming up. >>> plus, bowling and strippers. a suburban mother in trouble after racy pictures involving her own son surface on the web. how is she involved? you'll find out when we come back. [ jen
boeing hopes to get the planes back in the air by april. >>> first on cnn, the army doing an about-face on the promotion of paula broadwell, david petraeus' former mistress. they decided to revoke the promotion from major to lieutenant colonel in the army reserves after initially appr e approving it last summer. since the petraeus scandal broke, she's been under investigation for having classified information in her home without permission. >> i know you're tired of hearing this,...
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Feb 18, 2013
02/13
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cheryl: if your name is boeing, you can't catch a break. with the dreamlines grounded, company engineers may vote to strike this week. we have the "west coast minute" coming up. don: can you believe that? there may be a google store in a mall. cheryl: the fight over raising the minimum wage, as you imagine, small business owners not happy about this. ♪ with the spark cash card from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, ease? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every pchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your walle told you i'd get half. ♪ (train horn) vo: wherever our trains go, the economy comes to life. nor
cheryl: if your name is boeing, you can't catch a break. with the dreamlines grounded, company engineers may vote to strike this week. we have the "west coast minute" coming up. don: can you believe that? there may be a google store in a mall. cheryl: the fight over raising the minimum wage, as you imagine, small business owners not happy about this. ♪ with the spark cash card from capital one... boris earns unlimited rewards for his small business. can i get the smith contract,...
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180
Feb 21, 2013
02/13
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CNBC
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. >> also in the news this morning, boeing is expected to meet with the faa tomorrow and launch a formal plan to get its grounded 787 back into service. the company will be proposing a resign of the dreamliner's batteries. officials say the jets could be back in the air within two months. >>> finally, appear highser bush, inbev want a court to grant a short delay in proceeding as the two sides hold settlement talks. they have been locked in a battle over whether the beer giant can expand its stake in mexico modela. >> ice fascinated by the markets, but we've got other headlines. we'll get back to this in a second. the fed. the fed. we want to talk about that and what happened in the markets yesterday and what's happening today. but, let's talk a little bit about dow chemical. a federal judge, a jury, actually, has ordered the company to pay $400 million on a price fixing case. that will teach them. dow was one of several companies, chemical companies named in a class action lawsuit alleging conspiracy to fix urethane chemical products. >> what is that? >> that is used to make cars, furni
. >> also in the news this morning, boeing is expected to meet with the faa tomorrow and launch a formal plan to get its grounded 787 back into service. the company will be proposing a resign of the dreamliner's batteries. officials say the jets could be back in the air within two months. >>> finally, appear highser bush, inbev want a court to grant a short delay in proceeding as the two sides hold settlement talks. they have been locked in a battle over whether the beer giant...
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Feb 18, 2013
02/13
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FBC
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eye 96
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boeing is pushing it temporary fix. it is trying to get this dreamliner back into the air. they will try to sell a plan that includes the heavy duty titanium or steel box around the battery cells. they could get to work on a redesign of the lithium ion battery system which is expected to take nine months to put into place. we will see. the sequestration deadline less than two weeks away now. if nothing is done, we could be facing $1.2 trillion. also, a loss of 900,000 defense related jobs. it is the unintended consequence of the so cluster that really has my next guest concerned. tom, thank you. obviously, those headline numbers, well, you know, disturbing. what are the unintended consequences that worry you been back thanks, ashley, for having me on today. it will be 11 days until we see the unintended consequences. there are a million workers and they pay $90 billion a payroll and those workers, as well as, the companies that they work for, pay $38 billion of taxes. keeping in mind that there is an average wage that is probably twice the national average. they have high l
boeing is pushing it temporary fix. it is trying to get this dreamliner back into the air. they will try to sell a plan that includes the heavy duty titanium or steel box around the battery cells. they could get to work on a redesign of the lithium ion battery system which is expected to take nine months to put into place. we will see. the sequestration deadline less than two weeks away now. if nothing is done, we could be facing $1.2 trillion. also, a loss of 900,000 defense related jobs. it...
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145
Feb 21, 2013
02/13
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CNBC
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eye 145
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when you saw that boeing, the most conscious stock, one of the few stocks in the dow up. the dow wasn't the worst of the year, s & p was terrible, you have to regroup. i fell backward this morning thinking about, okay, i still think the autos are strong, maybe a pause in housing not that bad, retail dropped off a little bit, but i also still think, you look at lumber prices again on toll prices, lumber going up, a tale of good, not bad. i can't find my major themes disappearing here, aerospace here, housing still here, oil is still here. >> you mentioned housing. today, steifel, upgraded home depot back in '07 cut it is to a lowell. >> there is the bell. at the nasdaq, swedish industrial group. just spoke about them seconds ago. you mentioned boeing, ford, too, making news, hiring 450 workers, investing 200 million in an engine plant in cleveland, little by little here, jimity, kind of things the president was talking about a couple of weeks ago. >> i think ford is a european story, if they get europe under control, it will be fine. i had the good fortune of pulling one m
when you saw that boeing, the most conscious stock, one of the few stocks in the dow up. the dow wasn't the worst of the year, s & p was terrible, you have to regroup. i fell backward this morning thinking about, okay, i still think the autos are strong, maybe a pause in housing not that bad, retail dropped off a little bit, but i also still think, you look at lumber prices again on toll prices, lumber going up, a tale of good, not bad. i can't find my major themes disappearing here,...
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102
Feb 19, 2013
02/13
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CNBC
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eye 102
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or do you think boeing sides are willing to say, okay, it's not what we want, but it's not that bad and it does cut spending. >> well, i used to think that, but i don't any more. i think the democrats think, well, let it go over to see zester because finally they're going to chisel in the defense budget and there's plenty of fat in there. i could describe that in some detail. and the republicans are saying, so, they're going to deny us spending cuts, are they? let her rip. here we go, it will be chaos. it is stupid. three times he said it. and here we go. and the people -- wait until they close yellow stone park in the winter. wait until they do, you know, glacier park in montana. i mean, they're going to get down -- it's called the washington monument syndrome. you know how it works. >> so you agree with erskine that the public backlash against that will ultimately produce a deal? >> oh, i agree with that totally. you betcha. you betcha. >> and what about the march 27th deadline, the so-called cr, continuing resolution. is this government to go abogoi shut down or jit yellow stone and
or do you think boeing sides are willing to say, okay, it's not what we want, but it's not that bad and it does cut spending. >> well, i used to think that, but i don't any more. i think the democrats think, well, let it go over to see zester because finally they're going to chisel in the defense budget and there's plenty of fat in there. i could describe that in some detail. and the republicans are saying, so, they're going to deny us spending cuts, are they? let her rip. here we go, it...
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Feb 19, 2013
02/13
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CNBC
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eye 316
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lastly an update on the boeing dreamliner that was forced to make an emergency landing in japan last month, cells in the second lithium-ion battery on the plane showing slight swelling according to a japan transport safety board official. the jet flown by all nippon airways was forced to land after the main battery failed. i don't know what that means for this long-running investigation. >>> finally today, alan simpson and erskine bowles will announce a new detailed proposal for rewriting the tax code and implementing new spending cuts. the deficit hawks say their new proposal would reduce the federal budget deficit by $2.4 trillion over ten years. "the wall street journal" is now reporting that the plan will identify $600 billion in spending reductions through changes to health care programs such as medicare and medicaid. another $600 billion in deficit reductions would come from curbing or ending a number of tax breaks. the final $1.2 trillion would come from lower caps on discretionary spending, changing the way cost of living increases are cal cue lated for government benefits, c
lastly an update on the boeing dreamliner that was forced to make an emergency landing in japan last month, cells in the second lithium-ion battery on the plane showing slight swelling according to a japan transport safety board official. the jet flown by all nippon airways was forced to land after the main battery failed. i don't know what that means for this long-running investigation. >>> finally today, alan simpson and erskine bowles will announce a new detailed proposal for...